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The broad strokes: You need to buy at least 25k points to receive a 100% bonus, and then you’re off and running. What’s even better on this go around is IHG increased the max purchase to 250k points. That menas you can buy up to 500k points at just 1/2 of 1 penny per point.
Just a little FYI…This is their best ever price = $0.005 per point
I’ve listed a couple different ways that this can be beneficial to you ( other than shoring up an account), but as with any point currency, I never recommend speculatively buying points. Ends on July 31st, 2020.
25k points or more = 100% bonus
Maxing out the deal will set you back a $2500 and net you 500k points.
A couple of ways to get a great deal
Let’s take a look at the Intercontinental Paris Le Grand in Paris next summer. I stayed at the hotel in January 2019, and it’s in a great location. It’s currently in the midst of a renovation, but our room was quite large by Paris standards, and let me tell you, rates can get insane!
Parisian hotels can get absolutely ridiculous. Case in point…look at these prices: An average of $550 Euros a night…or over $600, that is prohibitively expensive for most any budget. But…points are available as well at 70k a night. With this deal…it’s $400 a night. However…that’s still a bit pricey and we can get that rate down even more when paired with the right card.
IHG recently introduced dynamic award pricing – read this article about how you can score amazing deals
Stack this with the IHG Premier credit card for a great way to buy nights on the low low
Remember, award nights booked in accounts associated with Chase’s IHG Premier card get a 4th night free when booking. So this hotel would cost the same for 3 nights as 4…210k.
So the roughly $2400, 4 night stay becomes just 3 nights at $400 a night, or $1200. That’s half price.
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike because it earns 3-5x on select categories + Enjoy 5x on groceries up to $12k a year + $200/20k welcome bonus and no annual fee!
♥ Earn 20k Bonus Points or $200 after $500 Spend in 3 months
♥5x on travel booked with Chase Travel, 5x on rotating quarterly categories ( capped at $1500 per quarter )
♥5x on grocery stores, up to $12k ( no Target/WalMart) on your first 12 months of cardmembership
♥3x on all dining and qualifying delivery apps
♥0% interest on new purchases for 15 months